Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA cut its holdings in shares of Autodesk, Inc. (NASDAQ:ADSKFree Report) by 15.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,252,959 shares of the software company’s stock after selling 230,274 shares during the period. Massachusetts Financial Services Co. MA owned about 0.59% of Autodesk worth $259,250,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Manhattan Co. boosted its holdings in Autodesk by 342.9% in the first quarter. First Manhattan Co. now owns 155 shares of the software company’s stock valued at $33,000 after purchasing an additional 120 shares in the last quarter. Carolinas Wealth Consulting LLC boosted its holdings in shares of Autodesk by 140.6% in the first quarter. Carolinas Wealth Consulting LLC now owns 166 shares of the software company’s stock valued at $35,000 after acquiring an additional 97 shares during the period. Worth Asset Management LLC acquired a new stake in shares of Autodesk in the first quarter valued at approximately $36,000. Newbridge Financial Services Group Inc. boosted its holdings in shares of Autodesk by 61.3% in the third quarter. Newbridge Financial Services Group Inc. now owns 179 shares of the software company’s stock valued at $37,000 after acquiring an additional 68 shares during the period. Finally, Stonebridge Capital Advisors LLC boosted its holdings in shares of Autodesk by 30.8% in the second quarter. Stonebridge Capital Advisors LLC now owns 221 shares of the software company’s stock valued at $45,000 after acquiring an additional 52 shares during the period. 87.92% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Stacy J. Smith sold 10,000 shares of Autodesk stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $234.00, for a total value of $2,340,000.00. Following the completion of the transaction, the director now owns 47,488 shares in the company, valued at approximately $11,112,192. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Stacy J. Smith sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $234.00, for a total transaction of $2,340,000.00. Following the completion of the transaction, the director now owns 47,488 shares in the company, valued at approximately $11,112,192. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Betsy Rafael sold 308 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $218.27, for a total value of $67,227.16. Following the transaction, the director now owns 3,237 shares of the company’s stock, valued at approximately $706,539.99. The disclosure for this sale can be found here. Insiders have sold 32,915 shares of company stock worth $7,829,249 in the last three months. 0.14% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ADSK. Morgan Stanley decreased their price objective on Autodesk from $245.00 to $235.00 and set an “equal weight” rating for the company in a report on Wednesday, November 22nd. Oppenheimer decreased their price objective on Autodesk from $250.00 to $240.00 and set an “outperform” rating for the company in a report on Wednesday, November 22nd. Bank Of America (Bofa) upped their price target on Autodesk from $235.00 to $240.00 in a research note on Monday, December 11th. StockNews.com cut Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 16th. Finally, Stifel Nicolaus restated a “buy” rating and set a $245.00 price target on shares of Autodesk in a research note on Friday, November 17th. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $238.40.

Read Our Latest Analysis on ADSK

Autodesk Stock Down 1.4 %

ADSK opened at $252.81 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.54. The firm has a market cap of $54.08 billion, a P/E ratio of 59.48, a PEG ratio of 3.39 and a beta of 1.45. Autodesk, Inc. has a 52 week low of $188.38 and a 52 week high of $259.25. The business’s fifty day simple moving average is $238.55 and its 200 day simple moving average is $219.24.

Autodesk (NASDAQ:ADSKGet Free Report) last issued its quarterly earnings results on Tuesday, November 21st. The software company reported $2.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.08. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.39 billion. Autodesk had a return on equity of 84.81% and a net margin of 17.15%. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period last year, the company earned $1.03 EPS. As a group, equities research analysts anticipate that Autodesk, Inc. will post 4.79 EPS for the current fiscal year.

Autodesk Company Profile

(Free Report)

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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